Travelers ups cat XoL retention to $3.5bn and non-renews agg after no ’22 payout
Travelers management have said the insurer is at a relative advantage in a hardening reinsurance market after the insurance giant upped the retention on its corporate cat excess-of-loss (XoL) cover and non-renewed its partially-placed $500mn property aggregate XoL treaty, which didn’t attach last year.
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